01744cas a2200253 a 4500 AALejournalIMF005925 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451873016 1018-5941 BD-DhAAL BD-DhAAL Chakraborty, Shankha. The Quality of Public Investment / Shankha Chakraborty, Era Dabla-Norris. Washington, D.C. : International Monetary Fund, 2009. 1 online resource (23 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper develops a growth model with specialized goods where inefficient and corrupt bureaucracies interact with the provision of public investment services in affecting the productivity of private capital, specialization, and growth. The model provides potential explanations for the contradictory empirical results on the effects of public investment found in the literature as well as for the role of the quality of public infrastructure investment in creating a gap between rich and poor countries. From a policy perspective, the paper suggests that the link between public investment and growth depends critically on the quality and efficiency of public capital. Mode of access: Internet Dabla-Norris, Era. IMF Working Papers; Working Paper ; No. 2009/154 Full text available on IMF http://elibrary.imf.org/view/journals/001/2009/154/001.2009.issue-154-en.xml IMF e-Library